International Hotel Group Limited (IHL) has appointed Jon Colley as Chief Investment Officer.
Colley has a strong financial background spanning 20 years. He brings particular expertise in hospitality, having most recently been Development Director with Hilton Worldwide for over five years, where he was responsible for deal sourcing, contract negotiations and development of the stable of Hilton brands within the UK.
Prior to that, Colley was Business Development Director, specialising in hotels, with the Royal Bank of Scotland, establishing the London-based Commercial Hotels Team and advising on nationwide hotel transactions. He has also previously worked with GE Capital and Barclays Bank.
IHL was founded in 2015 as a hotel and leisure focused property investment vehicle and has already raised and invested £35 million of equity capital. The company was established with the objective of affording property investors the opportunity to invest directly into a portfolio of income-yielding hotel assets, initially in the UK and expanding into selected European markets.
Colley will be responsible for shaping and driving forward the company’s investment and acquisition strategy.
He said: “I am delighted to have joined International Hotel Group Limited as Chief Investment Officer. My background combines extensive financial experience at some of the largest global financial institutions with a very detailed knowledge of the hospitality sector, which is a perfect blend for the aims and priorities of the company and its shareholders.
“Our medium term target is to grow net asset value to £200 million within three years – the company is only three months into this drive so it’s an exciting time to join the team. I’m looking forward to applying my knowledge in working with investors, brands, developers and agents to achieve this objective.”